DARS_porocilo 2007 ANG.indd

Accounting Policies
The financial statements of the Company, together with notes and disclosures of the most important
categories, have been prepared in accordance with the Companies Act and the accounting and reporting
requirements of the 2006 Slovene Accounting Standards (hereinafter: SAS 2006), provided they are not
contrary to other regulations, ZDARS, or the Accounting Act.
The financial statements and notes thereto provide a true and fair view of the Company’s operations.
The fundamental accounting assumptions that have been taken into account are accrual basis and going
concern. The principal qualitative characteristics of financial statements and thus of the entire accounting
are understandability, relevance, reliability and comparability.
The financial statements have been prepared observing the principles of prudence, substance over form,
and materiality, as well as the presentation of true and fair view of assets and liabilities of the Company.
Pursuant to ZDARS, the Company is required to keep separate accounts for activities pursued on behalf
of the State. For this purpose the Company keeps separate accounts of state-owned assets and liabilities
under management, and company-owned assets and liabilities. The Act also requires the Company to
prepare consolidated financial statements for external users, while, for internal reporting purposes,
separate financial statements are compiled for stated-owned assets and liabilities under management,
and for company-owned assets and liabilities.
The financial statements for state-owned assets and liabilities under management must be in compliance
not only with the Companies Act and Slovene Accounting Standards, but also with ZDARS and the
Accounting Act.
Borrowings and debt securities issued by the Company on its own behalf and for the account of the
State for the financing of motorway construction and reconstruction are — pursuant to ZDARS and the
Agreement on the Performance of Contracts — included in the Balance Sheet showing state-owned assets
and liabilities, as they are in fact investments in state-owned assets. Liabilities arising in connection with
such borrowings and debt securities are also guaranteed by the State.
The applied accounting policies are first explained for the Company’s assets, and then separately for
state-owned assets.
Foreign currency-denominated items have been translated into euros using the middle exchange rate of
the Bank of Slovenia applicable on the last day of the accounting period.
The financial statements are compiled in euros.
54 ANNUAL REPORT DARS d.d. 2007 FINANCIAL REPORT